What should investors know about the potential impact of taxes, short-term interest rate changes and, the corporate credit cycle on fixed income markets? Our analysts also discuss additional topics that include customized liquidity management solutions and advantages of active management.
This paper outlines how the subprime auto financing and securitization industry has been tested and refined through multiple economic cycles. Investors today have a wealth of historical data useful for analyzing the universe of subprime auto asset-backed securities (ABS).
Securitized products may offer an attractive long term risk/return profile and offer alternative potential sources of both income and return. Fort Washington’s Securitized Fixed Income team focuses on thoughtfully selecting securities priced below their intrinsic value. Our highly experienced managers seek relative value opportunities in a difficult to navigate space.
In our inaugural podcast, we look back at the extraordinary volatility in credit spreads, examine what the impact has been on Investment Grade credit markets, and what we think lies ahead in these markets.
This article discusses Fort Washington's Strategic Income Strategy, which is designed to provide investors with a high level of current income and total return with a focus on capital protection with differentiated returns compared to traditional fixed income.
With interest rates historically low and traditional cash investments earning close to 0%, the value of optimizing short-term monies has never been more important. By fostering strong communication, thoroughly understanding clients’ cash needs, and how these needs change on a real-time basis, Fort Washington's Liquidity Management Team can provide a scope of service beyond what is typically expected of investment managers.
Understanding cash segmentation can help organizations properly balance risk, return, and liquidity. Partnering with the team at Fort Washington can help organizations manage excess cash and benefit from proper liquidity management. Active cash management requires effective and regular communication with clients, a key tenet of Fort Washington’s Liquidity Management Strategy.
Fort Washington's Multi-Asset approach overcomes shortcomings associated with traditional balanced stock/bond portfolios while adding value through active management. Improper measurement of risk and an inability to actively allocate risk can yield disappointing results, and the COVID-19 crisis is the latest example of this. Fort Washington employs two proprietary tools designed to overcome this.
Sudden changes in the municipal market over the past week occurred because of the extreme volatility in the markets since the outbreak of the coronavirus. A senior portfolio manager breaks down the one-week change in municipal yields and provides an update on the market.
Investment grade corporates were the worst performing major asset class in May of 2018, but now they have generated strong absolute returns of more than 10% and also outperformed both equities and other fixed income sectors on a relative basis.
This article explains common multi-asset fixed income approaches, including Core, Core Plus, Multi-Sector, and Unconstrained fixed income strategies. A non-traditional fixed income allocation can complement Core and Core Plus strategies, act as a standalone fixed income solution for those wanting to add more portfolio risk, or serve as a substitute to equity strategies.